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When FSA Group reported its interim result, we said ‘The only real stain on this result is a deteriorating Business Lending division … hopefully the company chooses to wind down the division’.

Just a couple of months later, the company has done even better. FSA has agreed to sell its Business Lending division (known as 180 Group) to CML Group, a payroll and employment services company. FSA will receive $10m after tax in cash, which we think is a fair price for this declining – and decidedly...

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FSA - Housing Loan Debt Facility I note that FSA funds its home loans with a two year revolving debt facility from Westpac which is due for re-negotiation in October 2016. Is this not a fairly extreme case of "borrowing short and lending long", wh...

Hi Guys AYS has been given a - high share price risk - speculative buy - rating; but FSA has been given a - very high share price risk - speculative buy - rating. As far as I can tell AYS is a new company that has not been trading very long. I can...

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